Abstract
Value management (VM) is one of the principles adopted by stakeholders to manage issues in the building industry. This paper aims to examine VM diffusion between residential building entities in the Egyptian residential building industry. This research was confined to the Cairo and Giza regions, with enough residential building experience from clients, consultants, and contractors. A quantitative questionnaire survey was generated to find answers from those active in the residential building industry. The results show that although VM’s most widely practiced activities in the Egyptian construction industry are only information phase activities, professionals in Egyptian building projects agreed that all VM activities are important. The results also demonstrated that there is a significant positive correlation among VM phases. The results constitute activities for the adoption of VMs in Egypt. Its guidelines will dramatically enhance the implementation of VMs both in Egypt and in other developing countries where similar projects are conducted. Finally, this research strengthens the residential building industry’s present management by enhancing VM tools and elements to generate value for money.
Highlights
The residential building industry represents one of the greatest active industries in several countries
They are organized into four subsections. These subsections are the current practice of Value management (VM) activities, the importance of VM activities in Egyptian residential building projects, gap analysis, and Pearson correlation analysis
VM implementation studies have been dedicated to factors motivating the successful use of VM
Summary
The residential building industry represents one of the greatest active industries in several countries. There are demands to increase the efficiency and policies that aim to reduce residential building projects’ costs, especially projects constructed by the government [1]. Project success in the residential building industry is subservient. These nations have witnessed rapid growth, but there is no argument that the residential construction industry plays a vital role in ensuring basic living standards. In many developing nations, the residential building field has suffered a dramatic transformation to accomplish their countries’ financial ambitions [4]. Substitute materials were prevalent, but they were unlikely because of the war It contributed to a search not for other elements, but for a different way of achieving its function and objective without decreasing performance.
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